Donan Hulu Group
The “Donan Hulu group” members did not change, and there are still six members. There are various types of businesses for the group, "Donan Hulu group", such as opening a handphone pulsa (mobile credit) counter and selling; selling clothes, tissue holders, mukenah (women’s Muslim prayer garment); selling snacks; selling tools and household items. They wanted to increase the variety and amount of goods they sell, so with the Kiva program, they ventured to borrow funds.
Reo is the leader of this group. She has a business selling household items and tools. Her husband works as a contractor. Reo has four children, and two are in school. With this loan, she wants to purchase other household appliances because her shop has limited types of items right now.
She dreams that in the future, she can open a fully stocked appliance store in Cilacap town center. She hopes that this loan from Kiva will help develop the businesses of all of the members.
About Yayasan Sosial Bina Sejahtera (YSBS)Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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